Antaios, a pioneer in SOT-MRAM technology (Spin-Orbit Torque Magnetic Random-Access Memory), announced today that it has secured 11 million dollars in funding to accelerate innovation and develop new strategic partnerships. With a unique set of attributes, SOT-MRAM has the potential to be deployed in almost every chip, becoming a candidate for the long-awaited universal (embedded) memory.
The investment comes from technology funds focused on identifying and fostering promising, fast-growth, early-stage technology companies. It is led by French venture capital firms Innovacom and Sofimac Innovation, together withSilicon Valley-based Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. Additional financing also comes from Bpifrance (French public Investment Bank) and other bank partners.
“This funding is a key milestone for Antaios, asserting the value of our technology and the industry’s interest for SOT as the next-generation MRAM, which solves the limitations of its current implementations. We are proud to have attracted a blend of financial and corporate investors, bringing not only financial support, but also business outreach and savviness. We look forward to engaging with key ecosystem partners to bring the technology to the market,” said Jean-Pierre Nozières, CEO of Antaios.
Vincent Deltrieu, Partner at Innovacom: “We are excited to provide financial and business support to a key technology company in a very high-growth market. This represents a great example of the highly innovative start-ups and disruptive technologies Innovacom successfully supports.”
Nicolas Penet, Investment Manager at Sofimac Innovation: “Led by an experienced and knowledgeable team, Antaios is ideally positioned with a leading-edge solution in a booming market. Sofimac Innovation is delighted to support this high-potential start-up, spun off from public research and already part of a global ecosystem with an extremely ambitious roadmap and promising future.”
Michael Stewart , Investment Director at Applied Ventures: “Applied Ventures supports the continued development of logic-based embedded memory technologies like MRAM that offer low power, high performance and high endurance for Internet of Things and edge AI devices. We are excited to invest in Antaios and look forward to helping the company further develop its promising technology.”
By enabling simultaneously high operating speed and infinite read/write endurance, SOT has the potential to replace both embedded Non-Volatile Memory (e.g. NOR-Flash) and embedded cache (e.g. SRAM) in microcontrollers, microprocessors and System-on-Chip designs. SOT is widely recognized as the next generation MRAM, beyond Spin-Transfer Torque (STT) which is currently ramping up at all major semiconductor foundries. SOT can be easily implemented on STT-MRAM manufacturing lines, therein supporting a quick market deployment in applications as diverse as Internet of Things (IoT), mobile, computing and storage.